29 Related parties

Group and Company

Compensation of key management personnel of the Group

Transactions with Directors and Directors' close family relatives

During 2017 a relative of the Chairman provided IT/Marketing consultancy services totalling £12,000 (2016: £12,000) on an arm's length basis and with terms similar to other third party suppliers. The outstanding balance at 31 March 2017 was £1,000 (2016: £1,000).

There were no other related party transactions with Directors, or Directors' close family relatives in the year (2016: £nil).

Related party transactions

Details of principal subsidiary undertakings, country of registration and principal activities are included in note 33.

Company related party transactions with subsidiaries — income/expenditure 2017

Rent income£000

Income management fees £000

Loan interest£000

Total income£000

Expenditure management fees£000

Loan interest£000

Total expense£000

TR Fastenings Ltd

290

470

—

760

399

—

399

TR Southern Fasteners Ltd

—

17

—

17

—

—

—

TR Norge AS

—

21

—

21

—

—

—

TR Fastenings AB

—

49

—

49

—

—

—

TR Miller BV

—

67

26

93

—

—

—

Lancaster Fastener Co Ltd

—

29

—

29

—

—

—

TR Hungary Kft

—

49

—

49

—

—

—

Viterie Italia Centrale SPA

—

104

—

104

—

3

3

TR Kuhlmann GmbH

—

49

—

49

—

—

—

TR Asia Investments Pte Ltd

—

569

—

569

—

—

—

TR Fastenings Inc

—

55

—

55

—

—

—

TR Fastenings España – Ingenieria Industrial, S.L.

—

—

1

1

—

—

—

TR Fastenings Poland Sp Zoo

—

—

1

1

—

—

—

290

1,479

28

1,797

399

3

402

Company related party transactions with subsidiaries — income/expenditure 2016